BlueOval SK, A 50/50 Joint Venture Company Among Ford Motor, SK On Co. And SK Battery America Entered Into A Loan Arrangement And Reimbursement Agreement, Where The DOE Agreed To Arrange For The Federal Financing Bank To Purchase A Note Up To $9,633,040,000 To Finance The Construction Of Battery Manufacturing Plants In Tennessee And Kentucky; Ford Has Agreed To Guarantee 50% Of BOSK's Payment Obligations Under The Loan

On December 13, 2024, BlueOval SK, LLC ("BOSK" or the "Borrower"), a 50/50 joint venture company among Ford Motor Company ("Ford"), SK On Co., Ltd. ("SK On"), and SK Battery America, Inc. ("SKBA," a wholly owned subsidiary...